• 2022 Build-to-Suit Construction: Brand-new 2022 build-to-suit specifically for Family Dollar, delivering modern facilities with minimal near-term capital needs.
• ±6.75 Years Remaining on Initial 10-Year NN+ Lease: Strong lease term with limited landlord responsibilities, providing reliable passive income and operational stability.
• Strong Retail Synergy: Surrounded by national tenants including Taco Bell, Shell, Bojangles, Wendy’s, McDonald’s, Subway, AutoZone, CVS, and more—creating excellent cross-traffic and visibility.
• Rent Escalations: $5,250 annual increases ($0.50/SF) in each of the five (5), 5-year renewal options, locking in predictable cash flow growth.
• 20-Year Roof Warranty: Included 20-year roof warranty adds long-term value and reduces future maintenance risk.
• 10-Mile Population Support: In excess of ±45,441 residents within a 10-mile radius, supporting consistent demand for essential retail.
• Affluent Demographics: Average household income of $93,763 annually, reinforcing spending power for value-oriented groceries and household items.
• High Traffic Exposure: ±12,000 vehicles daily on Interstate 52, ensuring strong drive-by visibility and customer access.
• Corporately Guaranteed Lease: Full corporate guarantee from Family Dollar, delivering dependable payment performance and credit strength.

Tenant Highlights

• 2025 Private Equity Acquisition: Family Dollar was acquired in 2025 by private equity investors (Brigade Capital Management, Macellum Capital Management, and partners) in a ~$1.0B transaction to revitalize the brand as an independent, standalone retailer separate from Dollar Tree.
• Operational Turnaround & Investment: New ownership brings fresh capital and retail expertise focused on store upgrades, operational improvements, and portfolio optimization to drive long-term performance.
• Resilient Neighborhood Retailer: With over 7,000 locations nationwide, Family Dollar serves as a convenient, quick-trip destination for budget-minded consumers, delivering core grocery and household essentials in local communities.